Multi-Family Housing Downtown
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1 Nashville Civic Design Center Multi-Family Housing Downtown Downtown The Quarters The Lofts at 320 Broadway Year Completed: 1910 Rehab Completed: 2008 Number of Units: 4 condos Purchase / Rental: $245,000-$345,000 Broadway and 4th Avenue North Rhea Building Lofts Year Completed: 1890 First Rehab: 1986 (into loft apartments) Rehab Completed: 2005 (into condos) Developer: Ledford Properties Number of Units: 32 condos Purchase / Rental: $180,000-$345,000 2nd Avenue North and Church Street Year Completed: 1887 Number of Units: 11 apartments 2nd Ave. N. b/w Commerce & Church Streets Nashville Civic Design Center Multi-Family Housing Downtown Case Study 1
2 Lofts at the Exchange Viridian Year Completed: 1874 (Banner Building) Rehab Completed: 2005 Developer: Core Development Goss Piercy Goss Number of Units: 47 condos Price: $77,000-$416,000 Church Street and Printers Alley Ambrose Lofts Year Completed: 2006 $70 million Developer: Novare Group and Giarratana Development Smallwood, Reynolds, Stewart, Stewart & Associates, Inc. Number of Units: 305 condos/4500 sq. ft. of retail space Price: $159,900-$1, Church Street between 4th and 5th Ave. N. The Cumberland Apartments Year Completed: 1905 Rehab Completed: 2006 Developer: LoftWerks, Inc. Innovations Group and Rob Cochran Number of Units: 21 condos Purchase: $139,000-$395,900 4th Avenue North overlooking Printers Alley Year Completed: 1998 $35 million Developer: Giarratana Development (now owned by McKinney Properties) Number of Units: 256 apartments/33 penthouses (owned by Giarratana Development) Rent/Price: $ /month and $258,000-$995,000 for penthouses Church Street and 6th Avenue North Nashville Civic Design Center Multi-Family Housing Downtown Case Study 2
3 The Westview The Bennie Dillon Rehab Completed: Developer: 2005 Ronald McClaron & Associates Number of Units: Price: 10 condos $360,000-$500,000 8th Avenue North between Church and Commerce Streets Year Completed: 1927 Rehab Completed: 1999 Developer: Novare Group and Giarratana Development Number of Units: 86 condos Price: $130,000-$330,000 Church Street and 7th Avenue North The Kress Church Street Lofts Year Completed: 1850s Rehab Completed: Renovation 2006 Developer: Core Development Ron Boggell & Number of Units: 16 condos/2 retail units Purchase / Rental: $120,000-$560,000 3rd Avenue North and Church Street Year Completed: 1936 Rehab Completed: 2008 $6,5 million Developer: Core Development Number of Units: 29 condos/1 retail unit Price: $141,000-$675,000 5th Avenue North and Union Street Nashville Civic Design Center Multi-Family Housing Downtown Case Study 3
4 Art Avenue Lofts Phoenix Lofts Year Completed: 1890s Rehab Completed: 2008 $15 million Developer: Core Development Number of Units: 32 condos/2 units of retail space Purchase / Rental: $134,500-$750,000 5th Avenue North between Church and Union Streets The Stahlman Building Year Completed: 1890 Rehab Completed: 2006 Developer: Gary Bowie Number of Units: 5 condos Purchase / Rental: $265, ,000 Neighborhood: Printers Alley 3rd Avenue North overlooking Printers Alley The Watauga Year Completed: 1907 Rehab Completed: 2006 $14.5 million Developer: The Mathews Company & M2H Group Everton Oglesby Architets Number of Units: 142 apartments Rental: $925-$2100/month Union Street between 2nd & 3rd Ave. N. Year Completed: 1926 Rehab Completed: 2007 Number of Units: 25 condos Purchase: $189,900-$325,000 Polk Avenue and Church Street Nashville Civic Design Center Multi-Family Housing Downtown Case Study 4
5 Lofts at 160 Rolling Mill Hill Year Completed: 1868 Rehab Completed: 2005 $4.5 million Developer: The Mathews Company Tuck Hinton Architects Number of Units: 32 apartments Rental: $1035-$1995 2nd Avenue North between Bank Alley and Union Street SoBro Year Completed: Phase I--Spring 2009 $55 million Developer: Direct Development and MDHA Eppstein Uhen Architects Number of Units: 175 condos Price: $139,900-$678,00 Neighborhood: Rolling Mill Hill/SoBro Hermitage Avenue The Gulch ICON Encore Year Completed: 2008 $80 million Developer: Giarratana Development, LLC and Novare Group Smallwood, Reynolds, Stewart, Stewart & Associates, Inc. Number of Units: 333 condos/20,000 sq. ft. of retail space Price: $136,700-$529,900 Neighborhood: SoBro 3rd and Demonbreun Street Year Completed: 2008 $100 million Developer: Bristol Development Group KA, Inc. Number of Units: 418 condos/26,000 sq. ft. of retail space Price: $139,900-$1.9 million 12th Avenue South Nashville Civic Design Center Multi-Family Housing Downtown Case Study 5
6 Velocity Mercury View Lofts Year Completed: 2009 $60 million Developer: Bristol Development KA, Inc. Number of Units: 265 condos/21,000 sq. ft. of retail space Price: $133,400-$314,400 Pine Street and 11th Avenue South Terrazzo Year Completed: 2002 Developer: Armistead Barkley Manuel Zeitlin Architects Number of Units: 32 rental units Rental: $ /month 12th Avenue South and Pine Street Laurel House Year Completed: 2003 Developer: The Housing Fund Gresham Smith and Partners Number of Units: 48 apartments/10,000 sq. ft. of retail space Rental: $517-$631 11th Avenue South and Laurel Street Year Completed: 2008 $68 million Developer: Crosland Hastings Architecture Associates, LLC and Manuel Zeitlin Architects Number of Units: 117 condos/20,000 sq. ft. of retail space/75,000 sq. ft. of office space Price: $317,700 to $1.6 million 12th Avenue South and Division Street Nashville Civic Design Center Multi-Family Housing Downtown Case Study 6
7 Hope Gardens Row 8.9n Ireland Street b/w 9th & 10th Avenue North Downtown/Near Germantown District Lofts Year Completed: 2003 Developer: The Home Company of Middle Tennessee Everton Oglesby Architects Number of Units: 29 condos Price: $130,000-$172,000 Affordability: Mixed-income housing, 11 of the 29 units are set aside for households that earn at or below 80 percent of the area median income (AMI), a $15,000 zero-percent downpayment loan that is fully forgiven if the resident(s) remain in their unit for 5 years Neighborhood: Hope Gardens Locklayer Street between 8th & 9th Avenue Year Completed: 2008 $13 million Developer: Double A Development, LLC Quirk Designs Number of Units: 70 condos, 3 office/retail spaces Price: $169,900-$350,000 near Germantown Harrison Street and 3rd Avenue North Harrison Square Ireland 28 Year Completed: 2004 Developer: The Home Company of Middle Tennessee Everton Oglesby Architects Number of Units: 28 single-family attached townhouses Price: $210,000-$ Affordability: 20 percent of the units are subsidized Neighborhood: Hope Gardens Year Completed: 2007 $13 million Developer: Hostettler, Neuhoff & Davis, LLC Number of Units: 63 condos Price: $152,700-$219,900 near Germantown Harrison Street between 3rd and 4th Ave. N. Nashville Civic Design Center Multi-Family Housing Downtown Case Study 7
8 Riverfront Condos Year Completed: 2006 $4.5 million Tuck Hinton Architects Number of Units: 145 condos near Cumberland River 1st Avenue North between Jo Johnston Avenue and Stockyard Boulevard Nashville Civic Design Center Multi-Family Housing Downtown Case Study 8
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